July 27, 2009 / 12:53 PM / in 10 years

Dubai's Jumeirah to manage new resort in China

DUBAI, July 27 (Reuters) - Dubai luxury hotelier Jumeirah Group said on Monday it had been appointed by Hong Kong’s Agile Property Holdings (3383.HK) to manage a beach resort in China.

The Jumeirah Qing Shui Bay Resort, located on the southern island of Sanya, will be Jumeirah’s fourth management agreement in China after Shanghai, Guangshou and Macau, Jumeirah said in a statement.

The resort will comprise a 250-room hotel and 50 private villas, and is expected to open in 2013, it said without disclosing the value of the deal.

Jumeirah, famous for managing the sail-shaped Burj al-Arab hotel in Dubai, may not open the first of six hotels planned in China until 2010, as the project faces another delay due to the financial crisis, its executive chairman, Gerald Lawless, told Reuters in May. [ID:nL3112766]

The group, owned by the ruler of Dubai, missed its original target to open the 338-room Jumeirah Han Tang Xintandi Hotel in Shanghai, China’s financial hub, in late 2008 and in January pushed it back to later this year.

The group has 14 hotels under construction from Shanghai to Phuket, Thailand and the Maldives, and looks to hit a target of 60 hotels under management by 2012.

Jumeirah also has management agreements in Argentina, U.S. Virgin Islands and Costa Rica. (Reporting by Jason Benham; editing by Simon Jessop)

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